Louisiana Revised Statutes 22:253 – Investments
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Terms Used In Louisiana Revised Statutes 22:253
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Health maintenance organization: means any corporation organized as either a business corporation or a nonprofit corporation and domiciled in this state which undertakes to provide or arrange for the provision of basic health care services to enrollees in return for a prepaid charge. See Louisiana Revised Statutes 22:242
With the exception of investments made in accordance with La. Rev. Stat. 22:249(1) and (2) a health maintenance organization shall be restricted to making the same types of investments as permitted for the investment of assets by life insurance companies licensed to do business in this state.
Acts 1986, No. 1065, §1; Redesignated from La. Rev. Stat. 22:2009 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.
NOTE: Former La. Rev. Stat. 22:253 redesignated as La. Rev. Stat. 22:143 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.